King Consolidated, Inc., a privately held Dallas based sponsor of investment grade oil and gas portfolios, announced today that J. Robert Ransone has been named Executive Vice President/Chief Operating Officer of the Company. Mr. Ransone will serve as senior advisor to the Chief Executive Officer and King Consolidated, Inc. management team, in the design and implementation of core business strategies, as well as management and support processes. These responsibilities include the development and oversight of corporate strategic planning, financial management, and product development.
"We are very pleased that Robert has come on board as a key member of our executive team," said founder and Chief Executive Officer, James R. Young. "I have known Robert for eight years, and he is one of the most respected, trusted, and knowledgeable, oil and gas professionals in the Industry. With over 35 years of diverse leadership experience, including acquisition and divestment management, business development, corporate finance and management, and energy exploration, Robert is an exceptional addition to our organization."
Prior to joining King Consolidated, Inc., Mr. Ransone served as Chief Operating Officer and Director of Barnes Oil and Gas, LLC.
Mr. Ransone received a B.A. in Economics and minor in Industrial Engineering from Stanford University, and an MBA in Finance from the Wharton School of Business, before serving honorably as a Captain in the U.S. Army's Air Defense Artillery assigned to NORAD.
Since 2006, King Consolidated, Inc., and its affiliate King Royalty Corporation, have offered over $75 million in direct participation oil and gas investments through a network of FINRA broker-dealers.
Contacts:
King Consolidated, Inc.
Doug W. Murtha, Jr., 972-447-3579
dmurtha@kingconsolidated.com
